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Reconstruction Finance Corporation
The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. The RFC was designed to promote confidence in businesses. The RFC loaned money directly to various struggling businesses, with most of the funds allocated to banks, insurance companies, and railroads. -
Civilian Conservation Corporation
The Civilian Conservation Corps was a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men. Originally for young men ages 18–25, it was eventually expanded to ages 17–28. The CCC was one of the most successful New Deal programs that did last less than 10 years but it left a legacy of strong roads, bridges, and buildings throughout the U.S. Between 1933 and 1941, more than 3,000,000 million men served in the CCC. -
Federal Deposit Insurance Corporation
The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system. The FDIC was also created to prevent another Great Depression from happening in the future. Bank failures happened after the stock market crash of 1929 when people started withdrawing their money from banks. -
Security and Exchange Commission
The Securities and Exchange Commission was established in 1934 to regulate the commerce in stocks, bonds, and other securities. To bring order out of chaos, Congress passed three major acts creating the Securities and Exchange Commission(SEC). The Securities Exchange Act of 1934 created the SEC to regulate exchanges, brokers, and over-the-counter markets, and to monitor the required financial disclosures. -
Federal Housing Authority
The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. The FHA was created during the Great Depression to facilitate home financing, improve housing standards, and increase employment in the home-construction industry. -
National Youth Administration
The National Youth Administration focused on providing work and education for Americans between the ages of 16 to 25. It was founded in 1935 and ceased operations in 1943. During the time that it was created, the NYA helped over 4.5 million young people find work, get vocational training, or afford a better education before it ceased in 1943. -
National Labor Relations Board
In a Congress sympathetic to labor unions, the National Labor Relations Act (NLRA) was passed in July of 1935. The broad intention of the act, commonly known as the Wagner Act, was to guarantee employees “the right to self-organization, to form, join, or assist labor organizations, to bargain collectively through representatives of their own choosing, and to engage in concerted activities for the purpose of collective bargaining or other mutual aid and protection.” -
Social Security Act
The Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, aid for dependent mothers and children, the blind, and the physically handicapped. Even though the SSA was passed in 1935, after the Civil War there were widows, orphans, handicapped soldiers and civilians that didn't have money for food or clothes and it inspired some to take action.
